Legal analysis: the original equity refers to the shares subscribed by shareholders at a price lower than the absolute market price in order to raise funds before the company goes public. Primitive shares are shares issued before the company goes public. In the early days of China stock market, corporate shares were publicly issued to the public at the issue price in the primary stock market.
Legal basis: Article 125 of the Company Law of People's Republic of China (PRC), the capital of a joint stock limited company is divided into shares, each of which is equal in amount. The shares of the company take the form of shares. A stock is a certificate issued by a company to prove the shares held by shareholders.